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Grand Cayman Condo - 25%-50% partnership sale.
reefdiver - 3/09/2012 7:54 PM
Category: For Sale
Replies: 0




25% or50% Ownership
Opportunity on the East End of Grand Cayman

Best unit
in the development ! Top end unit / Oceanfront / Two bedroom, 2 bath, fully
furnished and equipped, 1100 sq ft. Huge balcony overlooks the ocean !

- Phase 1 is approx 7 years old

- PADI 5 Star, full service dive center on
premises with pool and sun deck (Ocean frontiers)

- Two buildings on site (Phase 1) one bldg
consists of 9 one bedroom units, bldg two consists of 9 two bedroom units.
Total 18 units

- This is
an ownership equity position - NOT
a time share

- No mortgage or liens on the unit or property

- 25%
ownership offered for $95k US - 50% ownership
offered for $180k US

- No brokerage fees

- Built in equity from day one. Est. comp. sales
$423,000 /provides an estimated $20k equity @25% ownership; est. $51k @50% ownership
subject to change

- Owner financing may be available

- There is a one-time 6% "Stamp Duty"
tax payable at time of transaction to the Cayman Government. (This is a real
estate tax paid once) govt. % subject to change

- Unit pays for itself - meaning the rental fees generated
will carry over to offset operating costs with some residual cash which has
remained in the management account to cover any additional expenses that may

- Currently, three local Va. owners (BP 25%, PJ 25%,
BM 50% )

- Will consider a 100% sale

- On site
property and rental management - total "turn-key" operation,
including all utilities and insurance

- Not looking for additional funds currently on
deposit in the properties reserve capital account for furniture, etc Valued at

- 25% owner receives two "any time" weeks of year
for use or to sell/ donate, etc - AND
any other time use within a 14 day reservation window as long as the unit is

- 50% ownership receives four anytime weeks, 100%
8 anytime weeks

- Ownership includes a 15-20% discount at Ocean
Frontiers Dive Center onsite

See Compass Point by going to or Contact: Bob Potterton at
(703) 475-0779.